IIFCL Mutual Fund has been granted permission by SEBI in December 2013 to launch its maiden IDF scheme. Subsequently, IIFCL MF launched its maiden IDF scheme”IIFCL MUTUAL FUND INFRASTRUCTURE DEBT FUND – SERIES I” of the size of Rs300 Crores. The scheme was launched on 31st December 2013 under the private placement route. Since then, the scheme has received an investment of Rs300 Crore from 5 investors and the scheme was closed for further subscription on 9th February 2014.